Olympus Corp.

A judge gave the former chairman of camera maker Olympus Corp., Tsuyoshi Kikukawa, a suspended sentence for the part he played in the $1.7 billion accounting fraud that nearly two years ago plunged the company into disrepute and a severe loss of market value.

The former CEO and president of Olympus Corp., Michael Woodford, was fired in October 2011 for asking too many questions about the hundreds of millions of dollars the company spent acquiring a medical manufacturer.

Japanese prosecutors were a little late in their raiding of Olympus Corp.’s Tokyo offices on Tuesday, seeing as it’s been more than a month since the company owned up to more than a decade’s worth of accounting fraud that hid investment losses totaling $1.7 billion.

After a month-long investigation into Olympus Corp.’s massive cover-up of investment losses, a report was released yesterday by an independent panel claiming three former chairmen, three senior aides and other governing members of the Japanese company who did nothing to stop it were “rotten to the core,” and that everyone...

While Michael Woodford may not be a Klingon, he may also subscribe to the belief that revenge is a dish best served cold. The former Olympus Corp. CEO is currently under fire from the company for allegedly using his position to leak company secrets.